Joint Ventures Contracts

National Technical Systems Inc., a Calabasas-based provider of testing and engineering services, said it signed a contract with a Florida company to jointly build a ballistic test firing range at National Technical's facility in Camden, Ark. The agreement with Olin Ordnance Division in St. Petersburg, Fla., is for 10 years. National Technical will maintain and operate the test range in support of Olin's ordnance development programs. Financial terms of the agreement were not released.

National Technical Systems Inc., a Calabasas-based provider of testing and engineering services, said it signed a contract with a Florida company to jointly build a ballistic test firing range at National Technical's facility in Camden, Ark. The agreement with Olin Ordnance Division in St. Petersburg, Fla., is for 10 years. National Technical will maintain and operate the test range in support of Olin's ordnance development programs. Financial terms of the agreement were not released.

MCA Inc. said Monday it does not yet have any comment on a $30-million lawsuit filed against the Universal City-based entertainment giant by Curb Music Co., a Nashville recording company headed by Mike Curb, former lieutenant governor of California. The suit, filed last week in Nashville against MCA Records Inc., alleges that MCA "has repeatedly violated" its contract covering a joint-venture music label, Curb/MCA, "to the financial detriment of Curb Music."

MCA Inc. said Monday it does not yet have any comment on a $30-million lawsuit filed against the Universal City-based entertainment giant by Curb Music Co., a Nashville recording company headed by Mike Curb, former lieutenant governor of California. The suit, filed last week in Nashville against MCA Records Inc., alleges that MCA "has repeatedly violated" its contract covering a joint-venture music label, Curb/MCA, "to the financial detriment of Curb Music."

A joint venture of MACCO Constructors Inc. and Holmes & Narver has been awarded an Air Force design/construction contract thatsources estimate is worth about $50 million to build a test chamber for B1-B bombers at Edwards Air Force Base. The 66,000-square-foot chamber will include an 80-foot-diameter turntable capable of rotating with a 250,000 pound load. It will provide an environment free of echoes and other interference to test the electronic defensive systems of the B1-B and other aircraft.

Six years ago, the president of Equatorial Guinea was invited to invest in a promising venture with one of the U.S. oil giants tapping his tiny nation's reserves. Mobil Oil Corp. offered the West African leader a stake in an oil trading business for $2,300, according to documents the company filed with a Senate subcommittee that were released last month. Now, the company says, that stake is valued at about $645,000. Mobil, now part of Exxon Mobil Corp.

A joint venture of MACCO Constructors Inc. and Holmes & Narver has been awarded an Air Force design/construction contract thatsources estimate is worth about $50 million to build a test chamber for B1-B bombers at Edwards Air Force Base. The 66,000-square-foot chamber will include an 80-foot-diameter turntable capable of rotating with a 250,000 pound load. It will provide an environment free of echoes and other interference to test the electronic defensive systems of the B1-B and other aircraft.